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To practice as a CPA, one must have a valid certificate issued by the board of accountancy in one of the country’s 55 jurisdictions, which consists of the 50 states, the District of Columbia, Puerto Rico, Guam, U.S. Virgin Islands and Commonwealth of the Northern Mariana Islands. Each jurisdiction has individual requirements for licensure in terms of experience and education, but the one common denominator is the Uniform CPA Examination, which the AICPA creates and grades. In addition to testing knowledge of accounting and auditing, regulation and business concepts via multiple-choice questions, the CPA Exam includes simulations and written communications.

 

 

 

 

 

 


 

Passing the CPA Exam: One CPA’s Journey

As many of you know, the journey to becoming a CPA is like no other—interesting, challenging, stressful, but nonetheless so rewarding in the end. Such was the journey of Shakor Jukes, CPA. An AICPA Accounting Scholars Leadership Workshop (ASLW) alumnus and currently an Audit Associate at RSM US LLP, Shakor credits his success to family, faculty, ASLW and his pure determination to succeed.

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CPA Exam Q1/Q2 2017 Score Release Timetables

The Q1/Q2 2017 score release timetable is now available. Score release timelines are updated biannually on AICPA Insights and on the CPA Exam website. For more information about score release and the scoring process, please visit the Psychometrics and Scoring page.

The National Association of State Boards of Accountancy releases the scores to candidates and state boards of accountancy based upon the target score release dates listed in the tables below.

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Mr. Miyagi Can Help You Master the Exam

Pat-Morita_(Karate_Kid)In the iconic 1984 film The Karate Kid, Daniel, the young protégé of Mr. Miyagi, can’t understand why he’s being told to do basic tasks such as paint the fence, sand the floor, or polish the car with “wax on, wax off.” Daniel thinks he should focus on karate moves. While he pushes through and does what Mr. Miyagi tells him, Daniel eventually realizes the value and relevance of these tasks when he begins to spar. Each task in its own way serves as the basis for developing Daniel’s martial arts skills and ultimately prepare him to win the tournament against the Cobra Kai.

While we’ll never know if Daniel subsequently dropped his martial arts training to pursue a career as a CPA, one thing is certain – Mr. Miyagi taught the essential lesson that learning the basics and understanding foundational concepts is the key to success.

CPA candidates can learn a thing or two from Mr. Miyagi’s teachings when it comes to understanding the importance of the content covered in the Business Environment and Concepts (BEC) section, and how to manage it when sitting for the Exam. Since the introduction of BEC, the section has long been a mix of essential general business information, including corporate governance, economics, information technology, and financial and operations management, which provides a foundation for the other sections of Audit and Attestation (AUD), Financial Accounting and Reporting (FAR) and Regulation (REG). As a component of the Exam, the section reinforces the value of core business knowledge that a CPA must bring to the table when providing audit, accounting and tax services.

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CPA Exam Q3/Q4 2016 Score Release Timetables

The Q3/Q4 2016 score release timetable is now available. Score release timelines are updated biannually on AICPA Insights and on the CPA Exam website. For more information about score release and the scoring process, please visit the Psychometrics and Scoring page.

The National Association of State Boards of Accountancy releases the scores to candidates and state boards of accountancy based upon the target score release dates listed in the tables below.

July august q3

 

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In Case You Missed It: Golf, Beyoncé, and the Next Version of the CPA Exam

BeyonceAnother busy tax season has passed and I can see the heads of CPAs have now risen from the grindstone. While your focus was on tax business and financial statements over the last several months, you may have missed some important news.

Golfer Jordan Spieth’s dream of winning back-to-back Masters sunk on the 12th hole, Beyoncé (or Queen Bey) released her deeply personal Lemonade album and set off a social media storm, the Villanova Wildcats upset UNC at the NCAA tournament, and the highly anticipated “Batman vs. Superman” movie could barely muster 27% on Rotten Tomatoes.

Oh, and along the lines of something important to the AICPA and the CPA profession, we announced details about the next version of the Uniform CPA Examination, which launches on April 1, 2017.

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